₦airaland Forum

mrvitalis:
You obviously haven’t researched this topic
Nigerians are used to getting away without consequences for their actions and got used to it

Most countries citizens are used to facing consequences for bad actions

If you give Europeans or Americans lack of consequences Nigerians have they would do worse

We have seen them in Nigeria become far more wicked n evil

Research the topic more then come back

You obviously don't know anything beyond the little space of your exposure.
Just to inform you: the Western culture is built on TRUST.
That is why there is the term "high-trust society."

No one attaches any consequence to a lot of things.
People just do what they do simply because they are supposed to.
They focus on their jobs, not because they don't have an alternative, but because they are trustworthy.
That is why you have shops with no human caretaker, yet they know society will not pick and pay.

Africans are the ones who face the consequences of everything.
And they do so because of their character. They think consequences cure bad character.
Whereas that is a misconception. Consequences only make the character scheme for ways around it.

Take all Nigerians, and give them an empty America with its police and legal system.
See it become a Nigeria in the next 1 month.

Dennisochampa:
The problem I have with alot of you people is pretending to know what you're doing or understand the scope of a report meanwhile you actually understand nothing of what's happening...

Now see it this way...

The Nigerian government is giving up most of what it will earn as tax revenue just to convince shell to build the platform that will cost 20b dollars that will create jobs for the masses.
It's not as if it won't receive any tax revenue but it won't be as much as it should have been if there was no tax rebate.
This means that, without the tax rebate offered to shell Corp, the government might easily lose the 20b investment promised to more tax havens like Guyana and Brazil that offers zero taxes and zero import taxes on drilling equipments and machinery that ultimately translates to zero tax on paper?

To illustrate this properly.... See it this way...

You are a business man and your business is not growing... It's falling down because of alot of factors...
People stealing your goods, your sales boys stealing from you too.... Your landlord has increased rent and you are struggling to pay your staff and other operational costs....

Now you visit your friend for a business meeting...
He promises that, he's seeing your efforts to revive your business. He pledged to invest in your business if the situation is right....

Now you go back home.... After a lot of thinking, you phone him up and say that... Hey, I will do business with you....

I know I'm supposed to make 10m naira a year from doing business with you but to convince you that I want to gain your business, instead of paying me 10m for doing business in my space, pay me 4m and keep the rest.... After all, other people you do business with find a way to give you back all the 10m they make from doing business with you but I can't offer you zero tax right now but I can lower it so you see a reason to extend your business to me.

Yes I will lose some of what I will earn as tax, but ultimately, my people get to have jobs and also you get to carry out your cooperate social responsibilities.

So what I'm doing is... Instead of taking the risk of allowing you take your business elsewhere all together and risk losing out from every corner, I choose to earn only a fraction of what I'm supposed to and create jobs for my people. Yes it's not as ideal or sweet as I want but if I were to be in a better position like USA, Canada, Sweden etc, maybe I worn have to offer any form of rebate but since I'm experiencing serious challenges, I got to do what I got to do in order to become stable economically in the future...
This is me giving out something in other to gain something... Like a trade of.....

Now my friend, if you don't understand what's happening at this point, then I can say you're beyond redemption and you are speaking based on hatred for the government of the day and not facing the economic realities of Nigeria.

If u have an alternative way of bringing shell to invest their 20b in our economy, please share.....

Take note, they can take their money to Brazil and Guyana where they will get almost zero tax... So why do business in a Nigeria that the economy is shaking at the normal rate rather than just take all the money and go to more stable economies where they can gain and make more money....

I do hope you enjoy the rest of your day

I am only responding to you because others may read it.
I understand that you are here to ignore the obvious and chase the shadows.

The report is not about whether the government should do any business or not.
The report is about a fraud. A fraud of over-inflation of fiscal responsibilities by the government, so that they can get kickbacks.

Instead of you talking about the whole idea of the report, which you have refused to read, you are here talking about a tax system, which you think is a new system invented by Tinubu.

Image123:
Lolz, because you don't understand how stuff works. You think tearing your country down to the rest of the world affects your politicians and the ruling party. When you folks keep shouting about genocide and how terrible Nigeria is, what were you expecting? The US government to come and airlift your village?
No sane person will open his doors to despicable people who loudly pull down their own country and government. If you see a child beating up and insulting his parents and using every social media avenue to tear them down, i guess you'd embrace such a child into your stable and loving home.

Bros, relax.
Even if you sef go there, they won't permit you.
But if a sane person seeks the visa, surely they will get it.

When they fool around on the internet,
Dishing out content just to make their Nigerian audience who enjoy the display of stupidity cheer on,
Little did they know they were damaging their international reputation.

mrvitalis:
It’s not a Nigerian thing
It’s a human thing

That’s why laws and consequences are very important

It's not a human being thing.
It's a Nigerian thing.

He clearly backed his statement with a very powerful point: "trying to survive."
In that mode, every African, or generally the third world, can do, and will do, anything to survive.

Have the privilege of traveling to other countries and seeing the difference.
Where immigrants gather and make a ghetto, their crime rate is very high.
But where the locals segregate themselves, the crime rate is very low.

It's the person and the people. Survival can make a man think and act in ways he wouldn't if his survival weren't threatened.
Today, while going to work, an immigrant approached me, and he looked very fierce. When I gave him the attention, he asked for money. And the moment I declined, he became very aggressive, but of course, he could do nothing because he saw that I am a black and will retaliate in kind and more. But trust me, he was ready to do anything to me just to get 1 Euro for a cigarette.

Forumobserver12:
Most of them are just trying to sound woke, funny enough they ended up sounding unintelligent... I am an exception cos I don't fall into such categories of Nigerians and im sure they many of us out there . .

But listen to yourself.
You decided to twist the thing the young man said and even went about calling people "unintelligent" for the very unintelligent hot take you dropped.

The dude said "an average Nigerian," but you are here talking about being "exceptional."

The guy didn't even say "most." He simply said "average." And you want to sound smart by calling others "woke."

Dennisochampa:
Now bloomberg said granting them that wish or demand will be a fraud...
I have agreed with both you and bloomberg...

This conversation is draining me.
I am deriving no value from it.

Up until now, you have refused to read the first page of this thread.
I mean, it is something you can read, but refuse to. You are busy looking for gist.

Bloomberg never said that giving people tax cuts or making advanced promises is fraud.
They say the Nigerian government is paying them twice as much as it is legally allowed .
Indirectly implying that the company will be receiving more than the Nigerian fiscal framework permits.
Nobody is saying that your "genius" Tinubu should not do what has never been done before, even though other governments have used the same method to get things done (but I guess we will still call Tinubu a genius and assume other people haven't done it before).

In summary, with an example:
There is a law that says you shouldn't pay anyone more than N50 to build a road. An investigative outlet now reports that the government has hired someone and spent N100 to build the same road. Indirectly meaning that the builder has gotten his N50, but we know where the other N50 will go, because it will never be in the receipts of the builder that he collected N100, since it is against the law. You are now asking me a totally irrelevant question: "If the government doesn't steal to build the road, how can the road be built?" What kind of a question is that? So you have reached the point where you agree that, for anything this Tinubu government does for the country, their own cut must be included. Now, go back and read the article.

dappydozzy:
Loving fair skinned ladies doesnt make you a mental slave, it is your preference. Black faired skinned african women are not caucasians. You are mixing it all up.
Being fair skinned does not make you less an African or a white. Go to Ethiopia, Ethopians are Africans, but most women in that country are beauties and are mostly fair skinned .

Most Ethiopians are "fair-skinned."


Well, being fair-skinned doesn't make you less African.
And don't think I mentioned something like that in what I said.

But loving a fair skin more than a dark skin actually makes you have an inferiority complex to the caucasian.

Dennisochampa:
So with all the English wen u sabi speak....
U no get any detailed responses to werin you say e deh wrong...

U are seeing the situation from the eyes of bloomberg... No be say you are capable of thinking for yourself or suggesting a solution outside the scope of what bloomberg said...

Since when did efcc and icpc start making investments decisions on behalf of the country....

Omóh ehn

You still don't want to do something; you don't want to read.
Bloomberg isn't telling you that they know your country better than you do.
They are not telling you about any investment.
They are simply saying that your federal government is carrying out a monumental fraud by going twice beyond a fiscal threshold.
But you always want to see through the eyes of "stop attacking my APC."

Now, go back and read the report.
This is not a report on "investment." It is a report on generational fraud.

The way we Africans adore fair skin, eh!

It is still the same people who will choose a fairer person over a darker person, who will come online and be shouting "liberate yourself from slavery."

Wickedfacts:
You can see how you have disgraced yourself on this thread.

I just asked a question na.
Why are you guys so angry?




Also, bro, remember, in the WhatsApp group, they said youy guys should post a significant attack on critics of the government fraudulent activities.
So, this post of yours will not earn you any money, oh.

otipoju:
Lol. Once again there is no course in this world that does not have a syllabus.

Have you taken your time to understand what a syllabus is.

First not all PHd are research based.
Second, most Phd's have taught coursework for one or two years coursework and then a dissertation.

The mere fact that you won't even take time to find out what a syllabus is laughable.

Bros, you are supposed to be a United States of America big man, oh.
Stop extrayarning.

"First not all PHd are research based."

Dude, do you even know what a PhD is?


You somehow think that a PhD is like a master's with options of "taught" and "research."
You think PhDs go that way.

Bros, that your USA no too sure for me again oh.
I don start to dey doubt am.
I don start to dey doubt your "big manism."


Just to inform you sha, irrespective of how many years and how many credit units you do in your PhD, no university ever adds that to your PhD. The US has a 2-year coursework and 3-year research system. Europe has a 3-year research system. The whole point of a PhD is that you are awarded for the time you spend doing research.

And yes, there is no syllabus for a PhD degree.
A syllabus is course-based and not degree-based.
A syllabus outlines what you are expected to learn in a course. And in a PhD, no one has any expectation of what you are expected to learn. In fact, that is why it is called research. You are expected to learn what they have never known before.

Dennisochampa:
OK let me break down my question further....

1. Tell us how it's bad in simple terms.
2. Give us an alternative way or means of convincing the company to still go ahead with their planned 20b dollar investment in the Nigerian economy....
3. What are the advantages of your methods and how does it outdo what the government is proposing.....

Before you quote bloomberg again sir, please explain in your own words and in terms that uneducated people like me can easily understand without having to read through the technicalities of bloomberg and their expert opinions.....

Please break it down for uneducated people like me sir

First, you didn't vote for me.
You voted for the same government doing this to you. Doing right (giving an alternative) is not my prerogative. That should be a request you make of the people you gave power to.

Secondly, the conversation is about Bloomberg's investigation. The news is as simple as possible without any technical terms, but in plain English. But you just don't want to read. That substantiates the saying that treasures are hidden from the black man in books, not in caves.

I even helped you draft a simple quote that clearly states that your government is proposing to pay twice the limit of the fiscal framework, and you are telling me about alternatives. Meaning that if I am helping you supervise the building of your house, and I tell you that I am hiring laborers for twice the highest amount that laborers are paid, it is obvious that half of that money will not be going to the laborers but to me, simply because there is a set wage. It is common sense that the alternative to stealing from Nigerians is just "not stealing."

So, I want you to document all the questions you outlined, put them down clearly, and forward them to the ICPC, EFCC, and the legislative committees responsible for reviewing them.

LordIsaac:
48 Laws of Power...Power is not handed on a platter all over the world...even in your home.

Everybody likes talking about how to take over power by any means,
But don't ever want that power taken from us like that.

Tinubu was the same one crying all over the media and the country in 2015 before the success of APC.
Meaning, he likes to be a power usurper, but never wants to be in a position in which power is usurped from him.

MIKOLOWISKA:
yet he is having high BP and me I'm catching cruise 😂

He surely hasn't seen your comment, though.
And surely would never.

ElSudani:
Very pedestrian almost illiterate submission. You think $20 billion they are going to invest is guguru and epa or some money they owe you?

Dude, why are you so angry?

Billions, gone.
Now that is what is called "risks" in business.

The Americans don't know something about jeehardeests:
Jeehardeests don't care about what you care for.

Trump has yet to realize that the IRGC and Gaza terrorists don't care about the bridges and plants.
In fact, left to themselves, they will gather their children and women inside there for maximum casualty.

Loss is their aim.
It doesn't matter whose side.
They just want losses.

Dennisochampa:
Mr educated man.. Please break it down for the average Nigerian to understand why it's a wrong move....

Don't tell us what they said.. Like u said. They are not Nigerian and when they speak we don't understand... U that is educated and a Nigerian.. Break it down for the common man to understand.... Tell us in details... Why it's a bad move and what is the better alternative because what I saw was that the government made a trade here... To unlock the 20b dollar investment.. So please tell us why it's a bad move and also help us understand what we could have done to also unlock that 20b dollar investment

You are doing yourself a disservice. You don't like reading. If I can see, I made sure I highlighted a critical point:

"According to a Bloomberg report published on Tuesday, President Bola Tinubu approved new fiscal terms granting Shell and its partners a tax rebate of $11.50 for every barrel of crude oil produced from the project, more than double the standard incentive currently available under Nigeria's fiscal framework."


But you refused to read. You just want to make a mockery of yourself by trying to mock another person by saying, "U that is educated." You don't know you are truly uneducated if you miss some obvious facts.

nairalanda1:
[b]It's kind of something countries do...[/b]Shell produces the oil , and in return they get tax reliefs...which would mean extra money which gets invested (in theory) in more production activites, which increases our crude oil production.

The downside is...more crude means lower oil prices. And thus lower government income, but hopefully on the upside it means domestic crude production increases, which means Dangy boy and BUA (when he is ready) and all the other refinery gents can now buy more crude at home, keeping more forex at home, and relieving pressure on the nayra by a bit (A BIT, mind.).

Every country does something similar. South Korea essentially gave the chaebols generous tax benefits in return for improved industrial production. While many south koreans don't really like that idea and some regard it as daylight robbery...it's a big reason why you can use a Samsung phone and drive a hyundai, and buy a hankook battery for your car.

The government did say in 2023 that they wanted to increase crude production to 4 million bpd, and they have one year to the deadline they set themselves. Somehow, this is one of the ways forward.

Life's not fair, but here we are. People, inlcuding you , would not do anything without being paid money. Shell's got the expertise. Doubt there is any Nigerian company with their level of expertise for the job.

You mean EVERY COUNTRY does more than double the standard incentive currently available under Nigeria's fiscal framework.
I guess you didn't even read the write-up.
You all just want to rush back to the WhatsApp group to post, "I have defended this on Nairaland, please forward my July payment."

That's why you called it "kind of something..."

simpleseyi:
.
This one is an educated illiterate. Incentives as traps to make you do what you don’t want to do.

You owe yourself just one thing: read.

This is a crime in the open:

"According to a Bloomberg report published on Tuesday, President Bola Tinubu approved new fiscal terms granting Shell and its partners a tax rebate of $11.50 for every barrel of crude oil produced from the project, more than double the standard incentive currently available under Nigeria's fiscal framework."


As Nigerian youths are busy throwing slogans like "school na scam" around and arguing that "education is not school and school is not important," their leaders are busy building a very massive corruption stream for themselves under very subtle frameworks that the uneducated cannot understand. So schemes like these have to be uncovered by a Bloomberg, not a Nigerian outfit, because we don't have the brains to sit and study.



Just as I finished typing my full comments, I knew some APC N30k WhatsApp group members would rush out to say it is just "an incentive to create jobs," etc. They are the same people who surely didn't bother reading. Nigerians don't like reading. .

Imagine a person stealing $5 per barrel for the whole life of a project (development, operation, and decommissioning). Now, for it to be twice beyond the threshold, it simply means that half of that amount is surely not going to the developers. Then who are they going to?.

The five engineers who died in connection with working with Umahi have been swept aside.
Also, this one now has the family sweeping aside a young doctor with bruises on her body?

With the way Umahi is going, his end will be very disgraceful.
Even a common corporal in a police station will use him and catch a cruise.

math2001:
Universities Polytechnics college of education

When did Akwa Ibom, Delta, Rivers State, Cross River, Edo, and Bayelsa become the South East?
Put together, they are 2 times the size of the South East.

oneMalik:
I come from Pluto if you care to know .

you don't know the meaning of education and that's why you think its peculiar to classroom ... wake up and do things for yourself and stop waiting or seeking helps that will never come from govt,

imagine in 2026 you're still asking govt for water .... na wah for you o !

And you deh claim professor ,

You don't need to be angry, bro.
It was a simple question:

"What is the meaning of 'the grid?'"

Leave water alone.
Water can even be gotten from the stream. At least people like you (non-Professors), with "non-classroom education," have been getting water from the stream for hundreds of years. Aibi? So let's leave that one and focus on something else, you said: "What is the meaning of 'the grid?'"

Nwaiyoo:
Islam is really a religion of peace. Nigeria is in soup.

I tell you bro.
Even the followers sef are afraid of the peace it brings.


The peace bringers are afraid of their own peace.
What an irony.

He is a Gazan terrorist.
The army just doesn't want to say the truth.

But Tinubu always does something:

He makes friends through betrayals.


To make a loyalist, he disposes of a very loyal associate for a very disloyal one, so as to make the disloyal indebted.
With that, the disloyal ones do everything possible so as not to allow the disposed loyal to take his position again.
So the fight for loyalty is no longer in the hands of Tinubu, but in the hands of those whom he would have been struggling to make loyal.

E.g.
If Kwankwaso did not decamp to be a vice to Peter Obi,
He would have disposed of Shettima and made Kwankwaso the Vice.
Now to prove his indebtedness, Kwankwaso would have campaigned aggressively in the north so as to justify Tinubus betrayal of his ally.



Betrayer!!

PDPdestroyer:
Which kind scam be dis naw. We didn’t lobby you guys to be exchanging pleasantries with Ribadu, we paid you to invade Nigeria and hand over power to PandoraObi. Trump is turning out to be a scam afterall

And your whole APC people went round his messenger to take pictures like that.

That means the APCs are the clowns of clowns.

LordReed:
You are funny. You actually think Bernard Arnault goes to akara joint equivalent? Carter Efe ultra wealthy? What are you smoking my guy?

It's the character of those people you are using to judge the rest, na.
Just because all your Nigerian big boys spend to impress,
You so also think a Bernard Arnault spends to impress too.



That is why I say, na dem Carter Efe be una big boys.

otipoju:
Is there any course in this world that does not have a syllabus ? From elementary subjects to Doctorate courses ?

Which means you dont even know the difference between a syllabus and a curriculum....and you claim sey you get doctorate.

The mere fact that you are arguing this simple fact cast serious doubts on whatever education you claim to have.

How can you claim you went to school and not use the word syllabus ever.

Meanwhile,any school wey you claim to go for this world no go ever reach Havard.

Unless you go Harvard,Princeton or MIT, sorry I no rate you at all.

And if you schooled in Nigeria, if you no go OAU, UI or Unilag, sorry na poultry farm you go.

And where were you in 1998 when the primary way to know your Jamb result was to take your slip to Jamb office in Ikoyi and be on the line for several hours.

Dey run your mouth anyhow.

You see why I say, sometimes it is better to be quiet? If you had been quiet, we would still have accorded you your "online big man."

But let me inform you: a PhD does not have a syllabus. It's a research-based degree.
Even the few universities that mandate taught courses mandate only "Research Methodology" courses as prerequisites.
After you claimed that you graduated from the USA, you are then running up and down with the word "Harvard."

I don't know why you brought in "curriculum" when you were simply talking about a syllabus. You are chasing your shadows, oh.

Again, I repeat, your knowledge of school is not beyond JAMB. That is why you keep talking about JAMB as if it were your greatest achievement.
And it is only in JAMB that people do what you said: "use the SYLLABUS, to study an EXAM, then you pass."


Na only JAMB that system was popular on.
In systems, you study your NOTES, practice with past questions, and pass.

LordReed:
Bro google the most expensive restaurants near you and compare their prices to the regular ones or this overpriced akara.

What do you mean only in Nigeria is there ultra wealthy? What do you call the likes of Bernard Arnault (France) – Chairman and CEO of LVMH, the luxury goods conglomerate, with a net worth of $192.7 billion or Amancio Ortega (Spain) – Founder of Inditex, the parent company of Zara, with a net worth of $111.3 billion. You think their money is akara money?

And funny enough, you didn't bother reading what I wrote.
You somehow think that the way these guys you mentioned behave here in Europe is the same way you behave in Nigeria, where if you add more money to your earnings, you have to spend that money.

So, in your mind, you think a person with a so-called net worth of $192.7 Billion will be eating a meal worth $1 million per day?

Again, I repeat, na only for Nigeria una dey get "ultra wealthy" people, who don't eat normal food with normal prices, but eat normal food with ultral wealthy prices.


Those your Carter Efe, Peller, Nasboi, Daddy Wa, etc. na dem be una "ultra wealthy."